World Bank: Nigeria’s debt interest payments rose to N7trn in H1 2026 — gulping over 100% of revenue
Nigeria’s interest payments rose to N7.7 trillion in the first half of 2026, from N5.6 trillion in the corresponding period of 2025, amid high domestic borrowing costs, according to the World Bank.
The interest payment gulped 124.19 percent of the federal government revenue.
In its 2026 Nigeria Development Update (NDU) titled ‘Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities,’ the bank said interest payments increased to 3.1 percent of gross domestic product (GDP) from 2.5 percent a year earlier.
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Read more at nairaland.com · by givedemwotowoto
